Post-Keynesian Theory of Distribution in the Long Run

Neri Salvadori

Chapter 9 in Nicholas Kaldor and Mainstream Economics, 1991, pp 164-189 from Palgrave Macmillan

Abstract: Abstract As is well known, the post-Keynesian theory of distribution was generated during the 1950s in Cambridge (Cambridgeshire). The first formal presentation was given in a seminal paper in 1956 by Kaldor. After that Kaldor utilized this theory in formalizing several growth models (Kaldor, 1957,1961; Kaldor and Mirrlees, 1962) in order to provide a solution to Harrod’s problem on the convergence of the ‘warranted’ growth rate to the ‘natural’ growth rate. After 1966 Kaldor did not return to the post-Keynesian theory of distribution except to clarify the origins of the theory (Kaldor, 1978, 1980).

Keywords: Interest Rate; Economic Study; Consumption Habit; Profit Rate; Saving Ratio (search for similar items in EconPapers)
Date: 1991
References: Add references at CitEc
Citations: View citations in EconPapers (2)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-10947-0_9

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349109470

DOI: 10.1007/978-1-349-10947-0_9

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().